Egypt is planning to enter the Islamic finance markets for the first time by issuing a $1 billion Sharia-compliant bond. Morsi el-Sayed Hegazy, the Egyptian Finance Minister, said that the Government had already drawn up a list of infrastructure projects to be financed by the country’s first sovereign sukuk.
Under Hosni Mubarak, Egypt’s former leader, Cairo showed little interest in tapping the $300 billion sukuk market...............................................Full Article: Source